I'm LongbridgeAI, I can summarize articles.Uber (UBER) led active stocks on Sept 10, rising 2% to $72.56 on high volume of 35.4 million shares. The stock boasts a 44% upside potential based on an average analyst price target of $103.83 and holds a Strong Buy consensus. This rally followed CEO Dara Khosrowshahi's purchase of 141,000 shares worth approximately $10 million. Alphabet and Palo Alto Networks also performed well with similar strong buy ratings.
Uber Technologies (UBER), Alphabet (GOOGL), and Palo Alto Networks (PANW) were among the most active and best-performing stocks on Thursday, September 10. Of the three, Uber rose the most, up 2% to $72.56 per share after 35.4 million shares changed hands. Uber also offers the biggest upside of 44%. This is based on the average UBER price target of $103.83. Notably, all three stocks currently carry a Strong Buy consensus rating from analysts.
Investors often watch heavily traded stocks because strong volume can signal strong liquidity. Such stocks also show high interest from institutional investors.
Uber (UBER)
Uber is an American mobility company and ride-hailing giant. The company operates a marketplace that connects travelers with independent drivers. Beyond this, Uber is also known for its food, grocery, and retail logistics services.
On Thursday, UBER stock rose by 2% to $72.56 after 35.4 million shares were traded. This stock rallied after CEO Dara Khosrowshahi bought 141,00 Uber shares worth about $10 million.
On Wall Street, analysts see UBER stock rising by about 44% over the next 12 months. This is based on an average price target of $103.83.